The board of directors for Technology 2020, which is located in Commerce Park in south Oak Ridge, voted Tuesday, Jan. 26, 2016, to wind down operations after more than two decades of operations. Tech 2020 announced March 30 that it will sell the building. (Photo by John Huotari/Oak Ridge Today)

The Tech 2020 Board of Directors approved a plan Tuesday that allows many of the organization’s top initiatives to be continued under the leadership of other enterprises, officials said. The Tech 2020 building, which is located in Commerce Park in south Oak Ridge, will be sold.

“Our goal these past few months has been to preserve some of Tech 2020’s important resources, and we believe we’ve accomplished that with the plan approved at Tuesday’s meeting of the Board,” said David Bradshaw, Tech 2020 chair.

That plan calls for the transfer of several of the Tech 2020 regional missions to other organizations on or before April 30, and the financial assets of a fourth to be returned to its founding members, a press release said.

“When the Board voted on January 26 to wind down operations, it asked that we explore options to transition existing missions to other not-for-profit organizations,” Bradshaw said in the press release. “We asked interested organizations to outline their ideas, and we are pleased that several have stepped forward with concrete proposals.” [Read more…]